2026-06-09T13:51:12-04:00 2025-12-31 994239225 CARABELL LESLIE & CO 83 MACOMB PLACE MT CLEMENS MI 48043 990 2025-01-01 383106702 LUTHERAN HERITAGE FOUNDATION LUTH 8005540723 51474 ROMEO PLANK RD MACOMB MI 48042 MATTHEW HEISE EXECUTIVE DIRECTOR 8005540723 2026-06-09 true JOSEPH R CARABELL CPA P00006461 5864656285 2026-05-20 2025 2025-03-06 01:10:19Z MATTHEW HEISE 51474 ROMEO PLANK RD MACOMB MI 48042 5021156 false X WWW.LHFMISSIONS.ORG X 1992 MI TO TRANSLATE, PUBLISH, DISTRIBUTE, AND INTRODUCE HISTORIC LUTHERAN BOOKS AND MATERIALS PRIMARILY USED IN THE TRAINING OF PASTORS, TEACHERS, AND LAY LEADERS. 15 15 13 100 0 2611551 3764866 0 419349 408581 12659 13907 3043559 4187354 0 0 1040368 1093143 0 373530 2401176 2585824 3441544 3678967 -397985 508387 9466585 10409275 42773 10442 9423812 10398833 X TO TRANSLATE, PUBLISH, DISTRIBUTE, AND INTRODUCE HISTORIC LUTHERAN BOOKS AND MATERIALS PRIMARILY USED IN THE TRAINING OF PASTORS, TEACHERS, AND LAY LEADERS. false false 2071063 THE LUTHERAN HERITAGE FOUNDATION (LHF) FULFILLS THE GREAT COMMISSION FOUND IN THE BOOK OF MATTHEW BY TRANSLATING, PUBLISHING, DISTRIBUTING, AND INTRODUCING LUTHERAN RESOURCES THAT ARE BIBLE-BASED, CHRIST-CENTERED, AND REFORMATION-DRIVEN SO THAT THE CHURCH MAY INCREASE. IN ORDER TO CARRY OUT THIS WORK LHF UTILIZES INDIVIDUALS WORLDWIDE WHO SERVE AS TRANSLATORS, REVIEWERS, EDITORS, GENERAL LINGUISTS, AND THEOLOGICAL SPECIALISTS IN ORDER TO PROVIDE THE MOST ACCURATE TRANSLATIONS POSSIBLE. SINCE INCEPTION IN 1992 LHF HAS PUBLISHED 1766 TITLES IN 187 DIFFERENT LANGUAGES AMOUNTING TO OVER 6,581,475 BOOKS PRINTED. DURING 2025 OVER 111 TITLES WERE PRINTED IN 48 LANGUAGES AMOUNTING TO OVER 414,000 BOOKS/PAMPHLETS BEING PRINTED DURING THE YEAR. THIS INCLUDED FIRST TIME PUBLICATIONS IN 3 NEW LANGUAGES A SIGNIFICANT PUBLISHING ACCOMPLISHMENT DURING THE YEAR WAS THE PRINTING OF THE SIMPLIFIED CHINESE BOOK OF CONCORD IN A TWO-VOLUME SET AND THE REPRINTING OF THE SWAHILI BOOK OF CONCORD. OTHER PORTIONS OF THE BOOK OF CONCORD, BIBLE COMMENTARY, LUTHER'S WORKS, AND DEVOTIONAL MATERIALS WERE ALSO PUBLISHED IN A VARIETY OF LANGUAGES. THE TOPICAL SERIES OF WHAT ABOUT? PAMPHLETS WRITTEN BY FORMER LUTHERAN CHURCH MISSOURI SYNOD PRESIDENT REV. DR. A.L. BARRY ADDRESSING 29 DOCTRINAL TOPICS, MORAL ISSUES, AND CONCERNS IN THE CHURCH TO HELP CHRISTIANS GROW IN THEIR UNDERSTANDING OF THESE IMPORTANT QUESTIONS WAS TRANSLATED AND PUBLISHED IN VIETNAMESE WITH A NUMBER OF ETHIOPIAN LANGUAGES READY TO PRINT. OTHER PRINTING HIGHLIGHTS INCLUDED A FIRST PRINTING OF THE SMALL CATECHISM WITH EXPLANATION IN 2 NEW LANGUAGES AND REPRINTING IN 5 OTHER LANGUAGES. THE ENCHIRIDION, IN VARYING FORMATS, WAS ALSO PRINTED IN 5 NEW LANGUAGES AND REPRINTED IN 4 OTHER LANGUAGES. A CHILD'S GARDEN OF BIBLE STORIES WAS PRINTED FOR THE FIRST TIME IN 6 NEW LANGUAGES AND REPRINTED IN 7 OTHER LANGUAGES. BIBLE STORIES IN PICTURES WAS REPRINTED IN 1 LANGUAGE. GOD'S WORD FOR YOU WAS ALSO PRINTED FOR THE FIRST TIME IN 4 LANGUAGES AND REPRINTED IN 1 LANGUAGE. A SIDE-BY-SIDE KHMER/ENGLISH EDITION WAS PRINTED FOR CAMBODIA IN OLD TESTAMENT AND NEW TESTAMENT VOLUMES. THE JESUS NEVER FAILS EVANGELISM BOOKLET WRITTEN BY LHF FOUNDER, DR. ROBERT RAHN, WAS PRINTED IN 8 NEW LANGUAGES AND REPRINTED IN 3 LANGUAGES WITH MANY ADDITIONAL TRANSLATIONS NOW UNDERWAY. THE PUBLISHED RESOURCES ARE DISTRIBUTED THROUGH MISSIONARIES, CHURCHES, AND INDIVIDUALS WORLDWIDE WITH INCREASING REQUESTS FROM WITHIN THE UNITED STATES FOR CAMPUS MINISTRY, MISSION TRIP, OR EVANGELISM OUTREACH PURPOSES. IN ORDER TO ENSURE THAT THE RESOURCES ARE UNDERSTOOD AND USED EFFECTIVELY THE LHF CONDUCTS INTRODUCTORY WORKSHOPS AND TRAINING SEMINARS FOR PASTORS, CHURCH LEADERS, WOMEN, AND OR CHILDREN DEPENDING UPON THE CONTENT OF THE VOLUME. LHF IS ALSO OFFERING MORE RESOURCES IN ELECTRONIC AND AUDIO FORMATS ESPECIALLY FOR TITLES LIKE JESUS NEVER FAILS, GOD'S WORD FOR YOU AND THE DAILY SPANISH DEVOTIONALS TITLED LA PALABRA DEL SEOR PERMANCE PARA SIEMPRE (THE WORD OF THE LORD ENDURES FOREVER). AVAILABLE LHF DIGITAL RESOURCES CAN BE FOUND ONLINE AT HTTPS://ISSUU.COM/LHFMISSIONS/STACKS. DURING THE YEAR 42 NEW ELECTRONIC RESOURCES WERE ADDED COVERING 11 NEW LANGUAGES. AUDIO RESOURCES CAN BE FILTERED FROM LHF PUBLICATION PAGE HTTPS://PUBSEARCH.LHFMISSIONS.ORG/. THE LHF IS BLESSED TO HAVE A FAITHFUL GROUP OF DEDICATED VOLUNTEERS THAT ASSIST WITH MAILINGS AND OTHER PROJECTS ON A REGULAR BASIS. FOR MORE INFORMATION ON CURRENT PROJECTS, A COMPLETE LISTING OF PUBLISHED RESOURCES, OR TO LEARN HOW YOU CAN SUPPORT THIS IMPORTANT WORK PLEASE VISIT WWW.LHFMISSIONS.ORG. SOLI DEO GLORIA N/A N/A 670661 EMPLOYEE COMPENSATION AND FOUNDATION OVERHEAD THAT IS ALLOCATED TO PROGRAM SERVICES. 670661 2741724 true true false false false false false false false true true false false true false true true false false false true false false false false false false false false true false false false false false true false false true false false false false false false false false true 10 0 true 13 true false false false false false false false false false false false false X 15 15 true false false false false false false true true false false true true true true true true true false false X X JEFF RAHN 8005540723 51474 ROMEO PLANK RD MACOMB MI 48042 MATTHEW HEISE EXECUTIVE DI 40.00 X 124215 0 32316 JEFF RAHN ASSIST EXECU 40.00 X 90000 0 34244 MARK ANGOTT PRESIDENT 3.00 X 0 0 0 ARMAND BOEHME BOARD MEMBER 1.00 X 0 0 0 KARL BOLLHAGEN FIRST V.P. 3.00 X 0 0 0 DAVID EBERHARD SECRETARY 3.00 X 0 0 0 BRAD FLAAEN SECOND V.P. 3.00 X 0 0 0 RENNIE KAUFMANN BOARD MEMBER 1.00 X 0 0 0 MARK LOEST BOARD MEMBER 1.00 X 0 0 0 JONATHAN MUMME BOARD MEMBER 1.00 X 0 0 0 SHAWN NETTLETON BOARD MEMBER 1.00 X 0 0 0 RICHARD NUFFER CHAIRMAN 3.00 X 0 0 0 ERIC PRISBY TREASURER 3.00 X 0 0 0 DOUGLAS RUTT THIRD V.P. 3.00 X 0 0 0 BRUCE SCARBEARY BOARD MEMBER 1.00 X 0 0 0 DAVID SOMERS BOARD MEMBER 1.00 X 0 0 0 ZEREHAIMANOT YOHANNES BOARD MEMBER 1.00 X 0 0 0 214215 66560 1 false true false 3764866 29857 3764866 95806 95806 12600 12600 12600 12600 1146577 833802 312775 312775 312775 OTHER INCOME 1307 1307 1307 4187354 422488 214215 109892 69406 34917 596504 306307 193508 96689 67351 38929 20407 8015 186174 107493 56381 22300 28899 10617 14997 3285 121222 35432 10863 74927 56355 21368 29821 5166 14780 5604 7821 1355 TRANSLATION EXPENSE 2071063 2071063 PURCHASED SERVICES 156821 20226 51257 85338 MISCELLANEOUS 61218 49423 11795 SUPPLIES 36023 26899 9124 68342 14793 32930 20619 3678967 2741724 563713 373530 1066098 352316 178109 62018 114718 93885 23732 35587 2806689 1441190 1421854 1365499 6662074 8499970 9466585 10409275 42773 10442 42773 10442 X 8232376 9165636 1191436 1233197 9423812 10398833 9466585 10409275 508387 466634 X false true X true false X 4939851 2776579 2451573 2611551 3764866 16544420 4939851 2776579 2451573 2611551 3764866 16544420 3544708 12999712 1569921 87766 113510 116020 95806 1983023 10280 10931 11309 12659 13907 59086 18586529 0.69940 0.72700 X PART II, LINE 10 MISCELLANEOUS 59,086 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2198403 50500 285623 74072 7768 2452686 2022911 2000 219476 38774 7210 2198403 1865947 196007 32443 6600 2022911 2139461 -192977 74470 6067 1865947 1820267 60 374887 50056 5697 2139461 0.81840 0.18160 false false 486304 486304 2052167 1174732 877435 268218 266458 1760 1365499 EQUITIES 6375245 BEQUESTS RECEIVABLE 1805008 ANNUITIES 319717 8499970 X 4187354 4187354 4187354 3678967 3678967 3678967 SCHEDULE D, PAGE 2, PART V, LINE 4 THE CORPORATION MAY USE UP TO SEVENTY FIVE PERCENT (75%) OF THE REALIZED GAINS GENERATED FROM THE PREVIOUS CALENDAR YEAR'S UNRESTRICTED GIFTS AND BEQUESTS IN THE FUND ("REALIZED GAINS") FOR SUCH USES, MISSIONS, PROJECTS AND PROGRAMS RECOMMENDED BY THE EXECUTIVE DIRECTOR AND APPROVED BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS THAT ARE CONSISTENT WITH THE GENERAL PURPOSES SET FORTH IN THE BYLAWS. THE EXECUTIVE DIRECTOR SHALL MAKE, AT LEAST ANNUALLY, RECOMMENDATIONS TO THE BOARD OF DIRECTORS FOR DISTRIBUTION OF UP TO SEVENTY FIVE PERCENT (75%) OF ANY REALIZED GAINS FOR DESIGNATED USES, MISSIONS, PROJECTS AND PROGRAMS AND THE BOARD OF DIRECTORS, IN ITS SOLE DISCRETION, MAY APPROVE THE USE OF SUCH REALIZED GAINS FOR SUCH PURPOSES AND IN SUCH AMOUNTS AS IT DEEMS APPROPRIATE. NOT WITHSTANDING ANYTHING TO THE CONTRARY STATED IN THESE BYLAWS OR THE CORPORATION'S OTHER GOVERNING DOCUMENTS, THE BOARD OF DIRECTORS, BY A MAJORITY VOTE, MAY APPROVE USE OF NOT MORE THAN SEVENTY FIVE PERCENT (75%) OF THE REALIZED GAINS FOR THE CORPORATION'S GENERAL OPERATING EXPENSES. SCHEDULE D, PAGE 3, PART X FOR FINANCIAL STATEMENT PURPOSES, TAX BENEFITS ARE RECOGNIZED FOR TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A RETURN, ONLY WHEN IT IS DETERMINED THAT THE TAX POSITION WILL MORE LIKELY THAN NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. LHF FILES TAX RETURNS IN THE U.S. FEDERAL AND STATE OF MICHIGAN JURISDICTIONS. WITH FEW EXCEPTIONS, TAX YEARS PRIOR TO 2021 NO LONGER REMAIN SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES. true EAST ASIA & PACIFIC PROGRAM SERVICE TRANS,PUB,DIST,INTRO 539427 EUROPE PROGRAM SERVICE TRANS,PUB,DIST,INTRO 331455 RUSSIA & NEWLY INDEPENDENT PROGRAM SERVICE TRANS,PUB,DIST,INTRO 35630 SOUTH AMERICA PROGRAM SERVICE TRANS,PUB,DIST,INTRO 2300 SOUTH ASIA PROGRAM SERVICE TRANS,PUB,DIST,INTRO 89070 SUB-SAHARAN AFRICA PROGRAM SERVICE TRANS,PUB,DIST,INTRO 935960 1933842 1933842 true false false false false false SCHEDULE F, PAGE 1, PART I, LINE 2 THE LUTHERAN HERITAGE FOUNDATION PRIMARILY WORKS WITH INTERNATIONAL LUTHERAN CHURCH BODIES TO TRANSLATE, PUBLISH, DISTRIBUTE, AND INTRODUCE LUTHERAN BOOKS AND MATERIALS. DURING THE ANNUAL BUDGET PROCESS THE LHF REVIEWS REQUESTS FROM INTERNATIONAL LUTHERAN CHURCH BODIES TO DETERMINE WHAT PROJECTS CONFORM TO THE MISSION PROGRAM OF THE LHF, ARE ACHIEVABLE, AND FIT WITHIN THE LHF BUDGET. DUE TO LIMITED FUNDING THE LHF DOES NOT BROADLY SOLICIT REQUESTS FOR PROJECTS TO BE SUBMITTED. THE MAJORITY OF LHF PROJECTS ARE WITH LUTHERAN CHURCH BODIES AND INDIVIDUALS WITH WHICH A LONG TERM PROVEN RELATIONSHIP HAS ALREADY BEEN ESTABLISHED. ALL INTERNATIONAL FUNDING IS DOCUMENTED BY MONTHLY FINANCIAL REPORTS AND RECEIPTS. APPROVED PROJECT FUNDING IS DISPERSED AS NEEDED UPON SUBMISSION OF PROJECT UPDATES AND FINANCIAL REPORTS TO MONITOR USE OF FUNDS. LHF STAFF ALSO REGULARLY TRAVEL OVERSEAS TO MEET WITH INTERNATIONAL LUTHERAN CHURCH LEADERS AND TRANSLATION TEAM MEMBERS TO PLAN AND MONITOR TRANSLATION PROJECTS. IN BETWEEN STAFF TRIPS, REGULAR CONTACT IS MAINTAINED WITH TRANSLATION TEAMS VIA E-MAIL AND OTHER COMMUNICATION METHODS. SCHEDULE F, PAGE 1, PART I, LINE 3 EAST ASIA & PACIFIC 539,427 0 EUROPE 331,455 0 RUSSIA & NEWLY INDEPENDENT 35,630 0 SOUTH AMERICA 2,300 0 SOUTH ASIA 89,070 0 SUB-SAHARAN AFRICA 935,960 0 X true true X false false false false false false false false false MATTHEW HEISE EXECUTIVE DIRECTOR 124215 32316 156531 DAVID EBERHARD SECRETARY 3717 LEGAL COUNSEL false X 61 29857 NYSE STOCK EXCHANGE false true false FORM 990, PAGE 2, PART III, LINE 4A THE LUTHERAN HERITAGE FOUNDATION (LHF) FULFILLS THE GREAT COMMISSION FOUND IN THE BOOK OF MATTHEW BY TRANSLATING, PUBLISHING, DISTRIBUTING, AND INTRODUCING LUTHERAN RESOURCES THAT ARE BIBLE-BASED, CHRIST-CENTERED, AND REFORMATION-DRIVEN SO THAT THE CHURCH MAY INCREASE. IN ORDER TO CARRY OUT THIS WORK LHF UTILIZES INDIVIDUALS WORLDWIDE WHO SERVE AS TRANSLATORS, REVIEWERS, EDITORS, GENERAL LINGUISTS, AND THEOLOGICAL SPECIALISTS IN ORDER TO PROVIDE THE MOST ACCURATE TRANSLATIONS POSSIBLE. SINCE INCEPTION IN 1992 LHF HAS PUBLISHED 1766 TITLES IN 187 DIFFERENT LANGUAGES AMOUNTING TO OVER 6,581,475 BOOKS PRINTED. DURING 2025 OVER 111 TITLES WERE PRINTED IN 48 LANGUAGES AMOUNTING TO OVER 414,000 BOOKS/PAMPHLETS BEING PRINTED DURING THE YEAR. THIS INCLUDED FIRST TIME PUBLICATIONS IN 3 NEW LANGUAGES A SIGNIFICANT PUBLISHING ACCOMPLISHMENT DURING THE YEAR WAS THE PRINTING OF THE SIMPLIFIED CHINESE BOOK OF CONCORD IN A TWO-VOLUME SET AND THE REPRINTING OF THE SWAHILI BOOK OF CONCORD. OTHER PORTIONS OF THE BOOK OF CONCORD, BIBLE COMMENTARY, LUTHER'S WORKS, AND DEVOTIONAL MATERIALS WERE ALSO PUBLISHED IN A VARIETY OF LANGUAGES. THE TOPICAL SERIES OF WHAT ABOUT? PAMPHLETS WRITTEN BY FORMER LUTHERAN CHURCH MISSOURI SYNOD PRESIDENT REV. DR. A.L. BARRY ADDRESSING 29 DOCTRINAL TOPICS, MORAL ISSUES, AND CONCERNS IN THE CHURCH TO HELP CHRISTIANS GROW IN THEIR UNDERSTANDING OF THESE IMPORTANT QUESTIONS WAS TRANSLATED AND PUBLISHED IN VIETNAMESE WITH A NUMBER OF ETHIOPIAN LANGUAGES READY TO PRINT. OTHER PRINTING HIGHLIGHTS INCLUDED A FIRST PRINTING OF THE SMALL CATECHISM WITH EXPLANATION IN 2 NEW LANGUAGES AND REPRINTING IN 5 OTHER LANGUAGES. THE ENCHIRIDION, IN VARYING FORMATS, WAS ALSO PRINTED IN 5 NEW LANGUAGES AND REPRINTED IN 4 OTHER LANGUAGES. A CHILD'S GARDEN OF BIBLE STORIES WAS PRINTED FOR THE FIRST TIME IN 6 NEW LANGUAGES AND REPRINTED IN 7 OTHER LANGUAGES. BIBLE STORIES IN PICTURES WAS REPRINTED IN 1 LANGUAGE. GOD'S WORD FOR YOU WAS ALSO PRINTED FOR THE FIRST TIME IN 4 LANGUAGES AND REPRINTED IN 1 LANGUAGE. A SIDE-BY-SIDE KHMER/ENGLISH EDITION WAS PRINTED FOR CAMBODIA IN OLD TESTAMENT AND NEW TESTAMENT VOLUMES. THE JESUS NEVER FAILS EVANGELISM BOOKLET WRITTEN BY LHF FOUNDER, DR. ROBERT RAHN, WAS PRINTED IN 8 NEW LANGUAGES AND REPRINTED IN 3 LANGUAGES WITH MANY ADDITIONAL TRANSLATIONS NOW UNDERWAY. THE PUBLISHED RESOURCES ARE DISTRIBUTED THROUGH MISSIONARIES, CHURCHES, AND INDIVIDUALS WORLDWIDE WITH INCREASING REQUESTS FROM WITHIN THE UNITED STATES FOR CAMPUS MINISTRY, MISSION TRIP, OR EVANGELISM OUTREACH PURPOSES. IN ORDER TO ENSURE THAT THE RESOURCES ARE UNDERSTOOD AND USED EFFECTIVELY THE LHF CONDUCTS INTRODUCTORY WORKSHOPS AND TRAINING SEMINARS FOR PASTORS, CHURCH LEADERS, WOMEN, AND OR CHILDREN DEPENDING UPON THE CONTENT OF THE VOLUME. LHF IS ALSO OFFERING MORE RESOURCES IN ELECTRONIC AND AUDIO FORMATS ESPECIALLY FOR TITLES LIKE JESUS NEVER FAILS, GOD'S WORD FOR YOU AND THE DAILY SPANISH DEVOTIONALS TITLED LA PALABRA DEL SEOR PERMANCE PARA SIEMPRE (THE WORD OF THE LORD ENDURES FOREVER). AVAILABLE LHF DIGITAL RESOURCES CAN BE FOUND ONLINE AT HTTPS://ISSUU.COM/LHFMISSIONS/STACKS. DURING THE YEAR 42 NEW ELECTRONIC RESOURCES WERE ADDED COVERING 11 NEW LANGUAGES. AUDIO RESOURCES CAN BE FILTERED FROM LHF PUBLICATION PAGE HTTPS://PUBSEARCH.LHFMISSIONS.ORG/. THE LHF IS BLESSED TO HAVE A FAITHFUL GROUP OF DEDICATED VOLUNTEERS THAT ASSIST WITH MAILINGS AND OTHER PROJECTS ON A REGULAR BASIS. FOR MORE INFORMATION ON CURRENT PROJECTS, A COMPLETE LISTING OF PUBLISHED RESOURCES, OR TO LEARN HOW YOU CAN SUPPORT THIS IMPORTANT WORK PLEASE VISIT WWW.LHFMISSIONS.ORG. SOLI DEO GLORIA FORM 990, PAGE 2, PART III, LINE 4D EMPLOYEE COMPENSATION AND FOUNDATION OVERHEAD THAT IS ALLOCATED TO PROGRAM SERVICES. FORM 990, PAGE 6, PART VI, LINE 2 ROBERT RAHN JEFF RAHN FOUNDER ASSIS EX DIR FATHER/SON FORM 990, PAGE 6, PART VI, LINE 11B THE FOUNDATION FINANCE COMMITTEE IS PRESENTED THE FORM 990 BY THE FOUNDATION'S CPA AT A COMMITTEE MEETING FOR THEIR REVIEW. AFTER THE FINANCE COMMITTEE APPROVES THE FORM 990, CHAIRMAN OF THE FINANCE COMMITTEE FOR THE FOUNDATION PRESENTS THE FORM 990 TO THE FOUNDATION BOARD OF DIRECTORS. THE FORM 990 IS THEN SUBMITTED TO THE GOVERNMENT. FORM 990, PAGE 6, PART VI, LINE 12C THE FOUNDATION SECRETARY ANNUALLY HAS ALL BOARD OF DIRECTOR MEMBERS COMPLETE A NEW CONFLICT OF INTEREST DECLARATION WITH REGARD TO THE FOUNDATION. FORM 990, PAGE 6, PART VI, LINE 15A THE FOUNDATION HAS AN INDEPENDENT BOARD OF DIRECTORS. THE HUMAN RESOURCE CHAIR ARRIVES AT A PROPOSED COMPENSATION FOR THE EXECUTIVE DIRECTOR. THE FINANCE COMMITTEE IS PRESENTED WITH THIS FIGURE AND VOTES TO APPROVE OR ADJUST. THE FINANCE COMMITTEE THEN INCLUDES THE SALARY IN THE PROPOSED BUDGET FOR THE YEAR. THE FOUNDATION BUDGET IS THEN APPROVED BY THE BOARD OF DIRECTORS. COMPARABILITY DATA HAS BEEN REVIEWED IN THE PAST BY THE FINANCE COMMITTEE RELATED TO THE PROCESS OF DETERMINING EXECUTIVE DIRECTOR SALARY. FINANCE COMMITTEE AND BOARD OF DIRECTORS MEETINGS HAVE MINUTES RECORDED BY THE SECRETARY. FORM 990, PAGE 6, PART VI, LINE 19 THE FOUNDATION HAS ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE FOR INSPECTION AT THE FOUNDATION'S HEADQUARTERS.